General Comments Markets were dark from 2:00 p.m. last Wednesday until 9:30 a.m. this morning. It was one of those rare days when it felt like the "good old days" from a trading perspective. No one knew for certain how we would open until the bell rang at 9:30 a.m. There was every reason to expect higher openings:
The dollar was sharply lower; Financial markets were strong; Energy markets were higher; China's PMI index again was higher than it was the previous month; Weekly export sales for corn and wheat were well above estimates, while soybean sales were towards the high end of the expected range; The USDA announced another export sale of 20,000 MT of soybean oil; It was still too wet across Argentina; and, There is no rain...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
